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NASDAQ:MRVLMarvell Technology Group Stock Price, Forecast & News

$38.12
+0.54 (+1.44 %)
(As of 07/9/2020 04:00 PM ET)
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Today's Range
$36.97
Now: $38.12
$38.25
50-Day Range
$28.96
MA: $33.67
$37.58
52-Week Range
$16.45
Now: $38.12
$38.25
Volume12.37 million shs
Average Volume10.51 million shs
Market Capitalization$25.36 billion
P/E Ratio17.02
Dividend Yield0.64%
Beta1.08
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as preamplifiers; supports a variety of host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, and non-volatile memory express; and develops software-enabled silicon solutions comprising SATA port multipliers, bridges, SATA, SAS, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses. The company also provides networking products, which comprise Ethernet solutions consisting of Ethernet switches, Ethernet physical-layer transceivers, embedded communication processors, and Ethernet adapters and controllers. In addition, it offers a portfolio of connectivity solutions, including Wi-Fi and Wi-Fi/Bluetooth integrated system-on-a-chip (SoC) products, which are integrated into various end devices, such as enterprise access points, home gateways and voice assistants, multimedia devices, gaming products, printers, automotive infotainment and telematics units, and smart industrial devices. Further, the company provides printer SoC products and application processors. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology Group Ltd. was founded in 1995 and is headquartered in Hamilton, Bermuda.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.03 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
Current SymbolNASDAQ:MRVL
CUSIPG5876H10
Phone441-296-6395

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.70 billion
Cash Flow$1.30 per share
Book Value$13.09 per share

Profitability

Net Income$1.58 billion

Miscellaneous

Employees5,633
Market Cap$25.36 billion
Next Earnings Date9/3/2020 (Estimated)
OptionableOptionable

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Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions

How has Marvell Technology Group's stock been impacted by COVID-19 (Coronavirus)?

Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MRVL shares have increased by 73.2% and is now trading at $38.12. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Marvell Technology Group?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 1 sell rating, 3 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Marvell Technology Group.

When is Marvell Technology Group's next earnings date?

Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020. View our earnings forecast for Marvell Technology Group.

How were Marvell Technology Group's earnings last quarter?

Marvell Technology Group Ltd. (NASDAQ:MRVL) announced its earnings results on Thursday, May, 28th. The semiconductor company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.14 by $0.04. The semiconductor company earned $694 million during the quarter, compared to the consensus estimate of $680.19 million. Marvell Technology Group had a return on equity of 2.82% and a net margin of 55.66%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the company posted $0.16 earnings per share. View Marvell Technology Group's earnings history.

How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?

Marvell Technology Group declared a quarterly dividend on Thursday, June 25th. Stockholders of record on Monday, July 13th will be paid a dividend of $0.06 per share on Wednesday, July 29th. This represents a $0.24 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Friday, July 10th. View Marvell Technology Group's dividend history.

How will Marvell Technology Group's stock buyback program work?

Marvell Technology Group announced that its Board of Directors has approved a share buyback plan on Tuesday, October 16th 2018, which allows the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

What guidance has Marvell Technology Group issued on next quarter's earnings?

Marvell Technology Group updated its second quarter earnings guidance on Thursday, May, 28th. The company provided earnings per share guidance of $0.17-$0.23 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.17. The company issued revenue guidance of $684-$756 million, compared to the consensus revenue estimate of $687.06 million.

What price target have analysts set for MRVL?

24 analysts have issued twelve-month price targets for Marvell Technology Group's shares. Their forecasts range from $18.00 to $42.00. On average, they expect Marvell Technology Group's share price to reach $32.41 in the next twelve months. This suggests that the stock has a possible downside of 15.0%. View analysts' price targets for Marvell Technology Group.

Has Marvell Technology Group been receiving favorable news coverage?

Media headlines about MRVL stock have trended negative on Friday, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Marvell Technology Group earned a news sentiment score of -2.3 on InfoTrie's scale. They also assigned news articles about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Marvell Technology Group.

Are investors shorting Marvell Technology Group?

Marvell Technology Group saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 16,600,000 shares, a drop of 34.5% from the June 15th total of 25,360,000 shares. Based on an average trading volume of 9,860,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 2.5% of the shares of the stock are short sold. View Marvell Technology Group's Current Options Chain.

Who are some of Marvell Technology Group's key competitors?

What other stocks do shareholders of Marvell Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Walt Disney (DIS), QUALCOMM (QCOM), Cisco Systems (CSCO), Intel (INTC), AbbVie (ABBV) and salesforce.com (CRM).

Who are Marvell Technology Group's key executives?

Marvell Technology Group's management team includes the following people:
  • Mr. Matthew J. Murphy, Pres, CEO & Director (Age 46)
  • Ms. Jean Hu, Chief Financial Officer (Age 56)
  • Mr. Neil Y. Kim, Exec. VP & CTO (Age 60)
  • Mr. Mitchell Lee Gaynor, Exec. VP, Chief Admin. & Legal Officer and Sec. (Age 59)
  • Mr. Thomas F. Lagatta, Exec. VP of Worldwide Sales & Marketing (Age 61)

What is Marvell Technology Group's stock symbol?

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Who are Marvell Technology Group's major shareholders?

Marvell Technology Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Robecosam AG (0.23%), Envestnet Asset Management Inc. (0.04%), State of Alaska Department of Revenue (0.03%), First American Trust FSB (0.02%), DNB Asset Management AS (0.01%) and IBM Retirement Fund (0.00%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, Syed Ali and Willem A Meintjes. View institutional ownership trends for Marvell Technology Group.

Which major investors are selling Marvell Technology Group stock?

MRVL stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and IBM Retirement Fund. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, and Willem A Meintjes. View insider buying and selling activity for Marvell Technology Group.

Which major investors are buying Marvell Technology Group stock?

MRVL stock was acquired by a variety of institutional investors in the last quarter, including Robecosam AG, Envestnet Asset Management Inc., DNB Asset Management AS, First American Trust FSB, Livforsakringsbolaget Skandia Omsesidigt, and Ellevest Inc.. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu, and Michael G Strachan. View insider buying and selling activity for Marvell Technology Group.

How do I buy shares of Marvell Technology Group?

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Marvell Technology Group's stock price today?

One share of MRVL stock can currently be purchased for approximately $38.12.

How big of a company is Marvell Technology Group?

Marvell Technology Group has a market capitalization of $25.36 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis. Marvell Technology Group employs 5,633 workers across the globe.

What is Marvell Technology Group's official website?

The official website for Marvell Technology Group is www.marvell.com.

How can I contact Marvell Technology Group?

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]

This page was last updated on 7/10/2020 by MarketBeat.com Staff

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